Compressible stability of growing boundary layers is studied by numerically solving the partial differential equations under a parabolizing approximation. The resulting parabolized stability equations (PSE) account for nonparallel as well as nonlinear effects. Evolution of disturbances in compressible flat-plate boundary layers are studied for freestream Mach numbers ranging from 0 to 4.5. Results indicate that the effect of boundary-layer growth is important for linear disturbances. Nonlinear calculations are performed for various Mach numbers. Two-dimensional nonlinear results using the PSE approach agree well with those from direct numerical simulations using the full Navier-Stokes equations while the required computational time is less by an order of magnitude. Spatial simulation using PSE were carried out for both the fundamental and subharmonic type breakdown for a Mach 1.6 boundary layer. The promising results obtained show that the PSE method is a powerful tool for studying boundary-layer instabilities and for predicting transition over a wide range of Mach numbers.